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Mikhail_Liebenstein

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  1. Thanks
    Mikhail_Liebenstein got a reaction from x5977 in Bitcoin and lightning network, a possible problem for Ripple?   
    I think this is the fundamental point.
    If you design for scalability from the ground up, then you can scale. 
    Trying to Bolt On Scalability as a retrofit never really works. What will happen is that BTC will end up with Islands waiting for reconciliation as the methodology is “eventually consistent”, if transactions happen faster outside of this, then it must open up some risk of either double spend or payment reversal, otherwise it won’t achieve its speed objectives.
    Read up Database ACID criteria and you’ll understand why.
    My personal view is that BTC is broken, and that LTN risks causing total collapse.
    I only have a tiny amount of BTC (the unspendable balances), if I had as much BTC value as I have in XRP, ETH or LTC then i’d be worried.
    Bitcoin is basically legacy technology, and I reckon it will eventually fall to $0 due to it’s unusability.
  2. Like
    Mikhail_Liebenstein got a reaction from Berzerper in Bitcoin and lightning network, a possible problem for Ripple?   
    I think this is the fundamental point.
    If you design for scalability from the ground up, then you can scale. 
    Trying to Bolt On Scalability as a retrofit never really works. What will happen is that BTC will end up with Islands waiting for reconciliation as the methodology is “eventually consistent”, if transactions happen faster outside of this, then it must open up some risk of either double spend or payment reversal, otherwise it won’t achieve its speed objectives.
    Read up Database ACID criteria and you’ll understand why.
    My personal view is that BTC is broken, and that LTN risks causing total collapse.
    I only have a tiny amount of BTC (the unspendable balances), if I had as much BTC value as I have in XRP, ETH or LTC then i’d be worried.
    Bitcoin is basically legacy technology, and I reckon it will eventually fall to $0 due to it’s unusability.
  3. Like
    Mikhail_Liebenstein got a reaction from Hodor in Bitcoin and lightning network, a possible problem for Ripple?   
    I think this is the fundamental point.
    If you design for scalability from the ground up, then you can scale. 
    Trying to Bolt On Scalability as a retrofit never really works. What will happen is that BTC will end up with Islands waiting for reconciliation as the methodology is “eventually consistent”, if transactions happen faster outside of this, then it must open up some risk of either double spend or payment reversal, otherwise it won’t achieve its speed objectives.
    Read up Database ACID criteria and you’ll understand why.
    My personal view is that BTC is broken, and that LTN risks causing total collapse.
    I only have a tiny amount of BTC (the unspendable balances), if I had as much BTC value as I have in XRP, ETH or LTC then i’d be worried.
    Bitcoin is basically legacy technology, and I reckon it will eventually fall to $0 due to it’s unusability.
  4. Like
    Mikhail_Liebenstein got a reaction from billsb in Bitcoin and lightning network, a possible problem for Ripple?   
    I think this is the fundamental point.
    If you design for scalability from the ground up, then you can scale. 
    Trying to Bolt On Scalability as a retrofit never really works. What will happen is that BTC will end up with Islands waiting for reconciliation as the methodology is “eventually consistent”, if transactions happen faster outside of this, then it must open up some risk of either double spend or payment reversal, otherwise it won’t achieve its speed objectives.
    Read up Database ACID criteria and you’ll understand why.
    My personal view is that BTC is broken, and that LTN risks causing total collapse.
    I only have a tiny amount of BTC (the unspendable balances), if I had as much BTC value as I have in XRP, ETH or LTC then i’d be worried.
    Bitcoin is basically legacy technology, and I reckon it will eventually fall to $0 due to it’s unusability.
  5. Like
    Mikhail_Liebenstein got a reaction from SimpleLife in Bitcoin and lightning network, a possible problem for Ripple?   
    I think this is the fundamental point.
    If you design for scalability from the ground up, then you can scale. 
    Trying to Bolt On Scalability as a retrofit never really works. What will happen is that BTC will end up with Islands waiting for reconciliation as the methodology is “eventually consistent”, if transactions happen faster outside of this, then it must open up some risk of either double spend or payment reversal, otherwise it won’t achieve its speed objectives.
    Read up Database ACID criteria and you’ll understand why.
    My personal view is that BTC is broken, and that LTN risks causing total collapse.
    I only have a tiny amount of BTC (the unspendable balances), if I had as much BTC value as I have in XRP, ETH or LTC then i’d be worried.
    Bitcoin is basically legacy technology, and I reckon it will eventually fall to $0 due to it’s unusability.
  6. Like
    Mikhail_Liebenstein got a reaction from xrpen in Bitcoin and lightning network, a possible problem for Ripple?   
    I think this is the fundamental point.
    If you design for scalability from the ground up, then you can scale. 
    Trying to Bolt On Scalability as a retrofit never really works. What will happen is that BTC will end up with Islands waiting for reconciliation as the methodology is “eventually consistent”, if transactions happen faster outside of this, then it must open up some risk of either double spend or payment reversal, otherwise it won’t achieve its speed objectives.
    Read up Database ACID criteria and you’ll understand why.
    My personal view is that BTC is broken, and that LTN risks causing total collapse.
    I only have a tiny amount of BTC (the unspendable balances), if I had as much BTC value as I have in XRP, ETH or LTC then i’d be worried.
    Bitcoin is basically legacy technology, and I reckon it will eventually fall to $0 due to it’s unusability.
  7. Thanks
    Mikhail_Liebenstein got a reaction from 69GTOjudge in Bitcoin and lightning network, a possible problem for Ripple?   
    I think this is the fundamental point.
    If you design for scalability from the ground up, then you can scale. 
    Trying to Bolt On Scalability as a retrofit never really works. What will happen is that BTC will end up with Islands waiting for reconciliation as the methodology is “eventually consistent”, if transactions happen faster outside of this, then it must open up some risk of either double spend or payment reversal, otherwise it won’t achieve its speed objectives.
    Read up Database ACID criteria and you’ll understand why.
    My personal view is that BTC is broken, and that LTN risks causing total collapse.
    I only have a tiny amount of BTC (the unspendable balances), if I had as much BTC value as I have in XRP, ETH or LTC then i’d be worried.
    Bitcoin is basically legacy technology, and I reckon it will eventually fall to $0 due to it’s unusability.
  8. Thanks
    Mikhail_Liebenstein got a reaction from corak in Bitcoin and lightning network, a possible problem for Ripple?   
    I think this is the fundamental point.
    If you design for scalability from the ground up, then you can scale. 
    Trying to Bolt On Scalability as a retrofit never really works. What will happen is that BTC will end up with Islands waiting for reconciliation as the methodology is “eventually consistent”, if transactions happen faster outside of this, then it must open up some risk of either double spend or payment reversal, otherwise it won’t achieve its speed objectives.
    Read up Database ACID criteria and you’ll understand why.
    My personal view is that BTC is broken, and that LTN risks causing total collapse.
    I only have a tiny amount of BTC (the unspendable balances), if I had as much BTC value as I have in XRP, ETH or LTC then i’d be worried.
    Bitcoin is basically legacy technology, and I reckon it will eventually fall to $0 due to it’s unusability.
  9. Like
    Mikhail_Liebenstein got a reaction from Moscow85 in Coinmarketcap is trying to MANIPULATE the market   
    I agree, I think they are trying to shake and rake.
    Scare investors with fake drops, and then buy cheap to rake it in or replace coins they are short.
    In the UK things have been steadying for the next leg up and Korea it’s at market highs still.
    Who runs CoinmarketCap? Is there a connection with some of Exchanges that are badly short XRP?
    My gut feeling is someone was caught out by the initial jump in XRP, and needs to make up for not having sufficient client XRP funds on the exchange.
    This is what in the industry is known as a short squeeze. Someone big is about to get burned for not holding enough XRP!
  10. Like
    Mikhail_Liebenstein got a reaction from I_just_want_a_McLaren in Coinmarketcap is trying to MANIPULATE the market   
    I agree, I think they are trying to shake and rake.
    Scare investors with fake drops, and then buy cheap to rake it in or replace coins they are short.
    In the UK things have been steadying for the next leg up and Korea it’s at market highs still.
    Who runs CoinmarketCap? Is there a connection with some of Exchanges that are badly short XRP?
    My gut feeling is someone was caught out by the initial jump in XRP, and needs to make up for not having sufficient client XRP funds on the exchange.
    This is what in the industry is known as a short squeeze. Someone big is about to get burned for not holding enough XRP!
  11. Like
    Mikhail_Liebenstein got a reaction from LunaXRP in XRP $5000 - $10,000 I must be crazy right.   
    My estimate based on a share and representation of Global GDP of about 8% is $200-250.
    i’d love $1000, but I think only speculation might achieve that or else if it is used as a Global Store of Wealth by a sizeable majority of the world’s population - if XRP sits in accounts then it can’t be lent out again in quite the same way as fiat. Say there are 3bn people and we have the full hundred Billion coins, that is about 33 coins per person average- which at $1000 is $33k per account - sounds a bit high for a fairly typical Global wealth sum, though I guess there will be a skew with some having more than others.
    $250 feels a more robust prediction to me.
  12. Like
    Mikhail_Liebenstein got a reaction from nicktemple in XRP $5000 - $10,000 I must be crazy right.   
    My estimate based on a share and representation of Global GDP of about 8% is $200-250.
    i’d love $1000, but I think only speculation might achieve that or else if it is used as a Global Store of Wealth by a sizeable majority of the world’s population - if XRP sits in accounts then it can’t be lent out again in quite the same way as fiat. Say there are 3bn people and we have the full hundred Billion coins, that is about 33 coins per person average- which at $1000 is $33k per account - sounds a bit high for a fairly typical Global wealth sum, though I guess there will be a skew with some having more than others.
    $250 feels a more robust prediction to me.
  13. Like
    Mikhail_Liebenstein got a reaction from MatinMontreal in Why xrp will be worth $200   
    I agree with your target, mine is around $200-250.
    My rationale is that current Global GDP is $107 Trn. I can’t quite see $1000 XRP as that would be 37% of Global GDP, but just under 10% is perfectly possible. At 10%, that implies $10Trn Mkt Cap, which implies $100 per coin if there are 100 Billion Coins- but half are in escrow, presambly to maintain supply as XRP get burned or locked up in trace quantities. So allowing for 55% of total supply being locked away or lost implies around $210 and a bit of uplift for inflation, speculation and utility value could imply $250.
     
  14. Like
    Mikhail_Liebenstein got a reaction from Deji in What does everyone think we will look like mid-year if everything goes as planned?   
    I’m feeling good having shifted $2k of BTC into XRP in early December. Originally I had 800 XRP at $0.24 bought with cash, and bought another 2800 more at $0.80 with my BTC. A bit of trading during the rise and crash an I now have 4250 XRP.
    i am going to HODL now, trading is too stressful. Being in cash as the price rises so you can afford fewer Coins is the worst! Luckily for me I escaped that and added 20% to my Coins, but I know others who dropped upto 40% trading.
    On price
    My gut feeling is we could see $40 this year.
    My upper price limit is around $250, unless there is a Dollar collapse I.e inflation . I am not sure $1000 is possible based on today’s world as $1000 implies $40Trn market cap, which would be 37% of Global GDP. But just under 10% would be possible, hence $250.
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